What Is the Difference Between a Price Support and a Price

question 121

Multiple Choice

What is the difference between a price support and a price floor?

• A) A price support is below equilibrium; a price floor is above it.
• B) A price support is above equilibrium; a price floor is below it.
• C) Government buys the excess supply to maintain a price floor, but not a price support.
• D) Government buys the excess supply to maintain a price support, but not for a price floor.
• E) There is no difference between the two.

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Definitions:

Semantic Memories

A type of long-term memory involving the capacity to remember words, concepts, and numbers which is not drawn from personal experience.

Anterograde Amnesia

A condition characterized by an individual's inability to form new memories following the onset of the amnesia.

Psychogenic Amnesia

A memory disorder characterized by sudden retrograde episodic memory loss, attributed to psychological factors rather than physiological damage or dysfunction.

Emotional Memory

The aspects of memory that are associated with emotions, enabling the recollection of emotional experiences.